New Accounting Standards for Long-Term Projects

Reprinted courtesy of Trent Cotney Construction, LLC. The Financial Accounting Standards Board (FASB) issued ASC 606, a new standard on recognition of revenue from contracts with customers. The new standard will have major implications on construction companies’ internal accounting. While ASC 606 will only apply to construction companies that enter into contracts greater than one […]

TARC Awards $3,000 in Scholarships

The Tennessee Association of Roofing Contractors awarded $3,000 in scholarship from the TARC Scholarship Fund this summer. Recipients for 2017 are Sean Koren, Jr., Elijah Henley, and Spencer Pruner. Sean Koren, Jr. of Hendersonville TN will be attending the University of Tennessee at Knoxville and is one of the two contractor’s scholarship recipients. Sean, a […]

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